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20121201
20121231
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Search Results 0 to 20 of about 21
PBS
Nov 30, 2012 6:30pm PST
of protest. >> the german parliament approves billions in loans and guarantees to save greece from bankruptcy. >> with more and more shoppers seeking out handcrafted and traditional gifts, germany's famous christmas markets struggled to keep up with the demand. tens of thousands of egyptians are out protesting against president morsi at this hour after an islamist-led assembly raced through the approval of a new constitution, a move to end the crisis. >> the document is based on sharia law. critics say it ignores fundamental democratic principles and marginalizes the nation's large christian populations. it has set the stage for conflict in a more increasingly divided nation. >> opponents of the president are outraged at the document adopted by the assembly. protesters are maintaining a vigil, and demonstrations are growing. critics warn that egypt is fast becoming an islamic state. >> hosni mubarak never divided the egyptian people. now, there is president morsi, and we do not know if he is the president of egypt or the president of the muslim brotherhood. >> islamists who dominate the assem
PBS
Dec 5, 2012 6:30pm PST
in europe -- but greece -- puts greece as the most corrupt country in europe. >> germany is mulling over whether to try to outlaw a far- right party accused of stirring up anti-immigrant sentiment. minister >> to go formal step toward banning the national democratic party, -- ministers took a formal step toward banning the national democratic party, the npd. some worry that prohibiting the party could backfire. it could drum up sympathy for the far right. >> the ministers are united in their call for a ban on meat npd. they reviewed extensive -- on the npd. they reviewed extensive documentation before making up their mind. >> i never would have thought they were so anti-democratic or anti-semitic. or so oriented towards violence and so unconstitutional. we have been discussing a ban for 12 years. now we have a lot of material to go on, much more than ever before. >> the ministers will seek to the government's support for the ban. one federal interior minister said they have a good case, but he admits there are risks. >> the danger is that these proceedings could give new life to a party
PBS
Dec 13, 2012 7:00pm PST
an additional loan of nearly $45 billion to greece. they say the debt reduction plan is on its way. the loan will be granted as early as next week. at a meeting last month, the euro zone nation ministers agreed in principle on aid for greece after the government carried out austerity and other measures as preconditions for additional loans. at that time they suspended the final decision on loans. they said they needed to determine if greece's bond buy-back program would be effective. at thursday's meeting they endorsed the buy back plan of the depreciated bonds. they will repurchase bonds from the private sector at a third of their face value. the ministers agreed on a para loa of neay $20 billion for greece by the end of next march. loans to greece were suspended for the past six months. >> today's decision on the greek package will remove the clouds that are hanging over greece. >> and the greek prime minister welcomed the decision calling it a big success for greece and a big success for europe. instors are still uncertain about the global economic outlook despite the measures taken to st
PBS
Dec 3, 2012 6:30pm PST
greece. >> welcome back. greece has announced a plan to buy back bonds as part of its effort to reduce its debt load. >> the success of the plan is essential to unlocking the next payment of eight athens, but it is still uncertain whether it will work -- of aid to a thens, but it is still uncertain whether it will work. >> german finance minister wolfgang schaeuble and his french counterpart, pierre moscovici, went in front of parliament. >> things have to move fast. there is no reason to worry. the calculations are realistic. i hope it works. >> there is no plan b. >> the finance ministers brushoff warnings that the programs might not reduce greek debt enough. spain has formally asked for almost 40 billion euros in aid for its troubled banking sector. >> a strong indication that we have been successful in stabilizing the eurozone. spain now leads -- need less than originally assumed. the situation has improved. >> another trouble spot is cyprus. the country needs a bailout of between 10 billion euros and 17 billion euros. officials are waiting for our report on the island's banks. >>
PBS
Dec 28, 2012 6:30pm PST
for greece's rural population. >> but first, here are some other stories making headlines. thousands of sunni muslims are continuing their protests against the iraqi government, demanding the resignation of the prime minister, accusing him of sectarian politics. that's after bodyguards of the sunni finance minister were arrested on terrorism charges last week. >> the president of the central african republic has appealed to france and the u.s. for help against a rebel coalition that has vowed to topple his government. france has declined to intervene against the rebels who have already taken several towns and are now advancing on the capital. >> heavy snow has paralyzed large parts of eastern canada. in montreal, traffic came to a virtual standstill. police are telling people to stay at home, as some areas are expected to receive almost half a year of additional snow. well, we are going to a short break. after we come back, we will look at europe's crisis year 2012. >> we will find out how it will be a year to forget for one of germany's top swimmers. stay with us. >> welcome back. in just th
PBS
Dec 13, 2012 6:30pm PST
, european finance ministers have said yes to releasing more aid to greece. in a 50 billion euros were freed up on thursday for athens -- >> the 50 billion euros were freed up on thursday for athens. >> there are some who believe it is nothing more than a band-aid. >> emotions spilled over as workers tried to storm a meeting between greek and german officials today are angry over layoffs that are part of broad austerity measures. greeks see the reason to believe next year will be any better. >> they may receive the tranche, but it would be spent in a few months. we will soon be asking for more money. i don't see how that will help the economy. >> one minister remains hopeful, consulting with his counterparts on how to get the economy back on its feet. >> we want to work together to organize a support fund to promote economic growth in greece. >> but that would require attracting private investors. to do that, greece must first settle it unpaid bills. >> of the 9 billion euros that greece still owes, we will pay back everything by 2013 in accordance with the troika deal. >> so, for now, greek
PBS
Dec 12, 2012 7:00pm PST
unchanged at 4,583. we'll see where trading takes us throughout the rest of the day. greece is buying back bonds. it exceeds the 30 billion euro target. greece had been seeking investors willing to accept at 30 to 40% of the bond's face value. the program is designed to reduce the debt burden. analysts estimate greece will be able to shave about 20 billion euro's off its debt. this will clear the way for greece to receive a new infusion of more than 43 billion euros in aid from the eu and other principal lenders. the organization of petroleum export and countries held a general meeting in vienna yesterday. representatives of the 12 oil exporters agreed to retain the current production target of 30 million barrels a day. they say supply is sufficient and prices are appropriate for the moment. prices in new york of benchmark crude futures have been relatively stable since the summer at just around $85 a barrel. this is against a background of slower economic recovery. opec expects demand for crude to rise as the dploe ball economy picks up. some analysts say opec could consider cutting outpu
PBS
Dec 7, 2012 6:30pm PST
. >> thanks for joining us. another moment of truth for athens -- when greece finds out weather its author -- offer to repurchase debt from private investors has paid off. that will help trigger the release of more rescue funds that greece so desperately needs to stay afloat. >> athens has offered to pay 10 billion euros to holders of its sovereign debt at a buyback value of up to 40 cents per euro. to be successful, the sale has to cut a greek national debt by 20 billion euros. news from athens made investors nervous this friday. our correspondence sent us this report from the frankfurt stock exchange. >> the suspense on the stock trading floor that weather or not the creditors of greece would take part in the debt buyback was too much for many investors. they decided to take some of the book's profits and sell shares. shares of deutsche telekom were the biggest dax losers. in order to invest money into new technologies such as broadband networks, they decided to cut the dividend for investors. now, many people here fear that this is something that more companies might do also next year,
PBS
Dec 3, 2012 7:00pm PST
the region's financial authorities will monitor greece's bond buying back program. he says the finance ministers will sign off in the next round of loans to greece when they meet again on december 13th. the ministers also talked about spain. they decided to provide up to nearly $40 billion euros. they're decision came after the bailout fund to sure up its constituti institutions. the nikkei average at 9,434. that's a loss of one-fourth of a percent. the dollar is slightly losing ground. dollar yen changing hands at 82.13 to 17. euro stands at 107.19 to 24. analysts say investors are selling the dollar following the release of u.s. manufacturing data. it was the lowest in almost three and a half years. more investors are showing interest in the weakening yen. taking a look at other markets, south korea's kospi is trading lower. let's take a look at australia. it's trading lower by almost a third of a percent. there's hope for floundering bas bas basic electronics firm sharp. the firm is expected to receive part of the that sum as early as this month. sharp is forecasting a record net lo
PBS
Dec 18, 2012 7:00pm PST
is that the standard & poor's has upgraded greece's sovereign credit rating by six notches. the ratings agency cited the country's commitment to debt reduction and monetary injections by international lenders. s&p raised greece's credit rating on tuesday from selective default to b-minus. the new rating is still low and not suited to investment, but s&p officials say the outlook is stable. the greek government bought back sovereign bonds from commercial banks and the private sector earlier this month at prices lower than the face value. s&p officials praised the euro zone members' decision to provide greece with financial support. they say the upgrade reflects s&p's view that greece's neighbors are serious about keeping the country in the eurozone. >>> back here in japan the trade deficit came to about $11.3 billion in november, posting a red for a fifth month in a row. finance ministry officials say the figure is a record high for november. that's the third highest level since comparable records became available back in 1979. exports fell by 4.1% from a year earlier in yen terms. exports have falle
PBS
Dec 18, 2012 6:30pm PST
thursday. >> greece's international lenders say the deeply indebted nation deserves to keep getting funds for a bailout, but they continue to warn that there are very large risks that the greek economy could eventually collapse. >> the report from the european commission and european central bank comes as athens receives a long overdue installment of over 34 billion euros international aid on monday. lenders are concerned about growing political resistance to implement needed reforms. public-sector workers are calling for strikes on wednesday to protest. and the international monetary fund, which is also part of the troika of lenders to greece, has released 890 million euros in fresh bailout funds to ireland. the imf says the country is making good progress under its own two-year rescue program. >> ireland is proceeding with reforms to lower its deficit in spite of a slowdown in economic growth. the imf expects ireland's deficit to come under targets. in spite of calls to boost social spending in response to high unemployment. ireland's budget for next year and to reduce its deficit by ab
PBS
Dec 19, 2012 6:30pm PST
for the indebted country. the u.s. ratings agency standard and poor's has upgraded greece's credit ratings. their best reading since june 2011. >> the agency they credited the eurozone strong support for greece, and it is committed to keeping athens in the currency. the upgrade comes after the successful creek by that program earlier this month. the former ceo of car maker porsche is facing charges of market manipulation relating to the company's attempt to buy volkswagen back in 2008. >> is accused of denying portion of's takeover plans, although the move was already under way. prosecutors say that had an impact on the share price, and investors were misled. the takeover ultimately failed, and portia was itself bought out by vw. -- porsche itself was bought out by volkswagen. >> 5, 4, 3, 2, 1, and lift off. >> on board are one american, one russian, and a canadian. it will take a crack about to be would days to reach the iss. -- it will take the craft about two days to reach the iss. vulcanologists in russia have been able to get a glimpse of a spectacular eruption in siberia. it began er
PBS
Dec 6, 2012 7:00pm PST
announced a program to buy bonds. the promise of another bail out funding for greece is keeping the market stable. let's get a check on tokyo markets. on the tokyo foreign exchange the dollar is trading in a narrow bend. that's 82.53 to 55. traders would like to confirm how the u.s. is performing. it's now back above the 107 levels. 107.05 to 10. let's take a look at stocks. japanese share prices are a little change. the nikkei trading above the 9,000 mark. 9,558 so far this morning. looks like everyone is waiting for the u.s. jobs data. let's take a look at the jobs market in the asia pacific. kospi is trading at the central bank's role has become a key focus in japan's general election. the leaders of the ruling party have expressed contrasting views on what the bank of japan can and should do. our business reporter spoke with two economists for their take on the issue. >> translator: debate had heated up ever since banks were urged to take strong action. >> translator: we will boost public spending. that's going to force new money into the market. this will have a positive effect on the
PBS
Dec 4, 2012 6:30pm PST
into the incident. workplace officials often fail to adequately enforce workplace safety standards. >> in greece, a bomb has exploded in an athens suburb. no one was hurt, but the explosion damaged adjacent businesses. some have called for banning the anti-immigrant party whose popularity has surged during the greek debt crisis. >> in belfast, protesters have clashed with police over plans to remove britain oppose the union jack flag from city hall. hundreds of protestant demonstrators attempted to storm the building after the majority catholic city voted to take it down. 15 police officers were injured. and these are testing times for a new push by the european union to reconcile serbia and its former southern province. >> although it has been almost five years since costs of a declared independence with western backing, tensions are just as high. still, there are optimists. we talk to the german commander of the nato-led peace keepers in the north of the country for more. >> our coverage begins. >> the bridge links the ethnic albanian and serve parts of the city appeared to this day, it is gua
PBS
Dec 10, 2012 6:30pm PST
, not only of traders -- if traders and investors look at greece today are watching the problems in italy. the news that mario monti will step down really dragged down the mood. >> let's take a quick look at some market numbers. the dax closed just a tad out at 7530. the euro stoxx 50 ended the day almost 1/4 of 1% down. across the atlantic, the dow jones is currently going up just a tad. the euro is trading for 1.2934. >> 7.2 magnitude earthquake has struck off the coast of indonesia. reports saying it hit off shore of -- about 200 kilometers northwest of those islands. >> no tsunami warning has been issued. the usgs said the quake was reported at a depth of 158 kilometers. indonesia's's position within the ring of fire makes it prone to it -- indonesia's position within the ring of fire makes it prone to earthquakes. travelers have another nasty surprise waiting for them this morning -- and announced -- an unannounced strike by security workers. that caused several flights to be cancelled. >> frankfurt was particularly hard hit. today's strike complicated cleanup efforts from a recent b
PBS
Dec 11, 2012 6:30pm PST
at greece, but also they're watching the problems in italy. the news that mariom onti -- monti will step down. that's really dragging down the mood. >> let's look at some market numbers. dax closing up. stoxx 50 at 2624. the dow jones is currently up almost 1%. the euro is trading at $1.3007. >> agrees has reached their target in a bond buyback scheme, at least they are calling to the state tv. >> they bought the bonds at a discount of 70% from investors and the private banks. this was a condition for them to receive further eu funds. finance ministers are set to meet to discuss releasing the bailout funds. british banking giant hsbc has agreed to pay a record $1.9 billion to settle a money- laundering case. investigated by authorities in the united states. >> hsbc was accused of using the u.s. financial system to transfer funds from mexican drug cartels and from countries like iran that had been placed under international sanctions. >> the u.s. government says hsbc invaded these practices. they've have been said to enabled terrorists and others to ensure bent sanctions. despite the heft
PBS
Dec 17, 2012 6:30pm PST
european countries. the gender gap in pay is smallest in greece and norway. the researchers say one reason for the gender gap as many women work in poorly paid part-time jobs. that also affect retirement pensions. the gender gap among retirees is bigger in germany than in any other developed country. one possible solution, experts say, is more child care opportunities. she left her career -- stayed with it because of child care options offered by her company. >> calling for nationwide protests next week following the first round of voting on the new constitution in germany -- in egypt. 56% voted in favor of the draft. >> they are complaining of numerous voting irregularities and are declaring every count. they say it paves the way for islamic law and as a threat to the christian minority as well as civil rights. official referendum results will only be known after a second round of voting next weekend. the german government has expressed concern over the situation in egypt. >> the minister for development said an unstable egypt would be a security risk for the entire region. he said, "the
PBS
Dec 20, 2012 6:30pm PST
and transportation workers have staged a 24-hour strike in the greek capital. strikes have become frequent in greece since public spending has been cut to meet conditions for international bailout funding. >> iraq's president has arrived for medical treatment following a stroke. few details have been released about the seriousness of his condition. he is seen as a unifying force in iraq, mediating among sunnis, shia, and kurds. >> protesters in several indian cities are calling for action to stop the increasing number of violent rapes of women, following the rape and beating of a 23-year-old by six men on a bus in new delhi. doctors say the young woman is still in critical condition. >> christmas is, of course, just around the corner, and many retailers have been targeting customers, looking for that last-minute gift. and then there is this -- how about a personal shopper when you are at the airport? >> sounds good. as it turns out in frankfurt, germany, there is one, and he is especially looking to help out an increasing number of travelers from china, who are looking to part with lots of cash. >>
PBS
Dec 24, 2012 6:30pm PST
would be some many would love to have. >> austerity programs have put people in places like greece, spain, and portugal in jeopardy. some families are having trouble putting a enough food are in the table. a lot of food gets thrown away. >> sabina has a lot of cleaning the to do. the food in her pantry is safe to eat, and bring in a way seems like a waste. the solution? food sharing. >> i often by more than i can eat. now i'm going on holiday and there will be no one to eat them, happy to share. >> anyone can donate items they don't want to throw away. a kilogram of fruit, gingerbread cake, cookies. for sabina, it is a way to help neighbors. heike's boys enjoy apples. those interested can sign up online. >> you have to have the right attitude. other people would throw this food away. >> most people find it hard to find the right amount. more often than not, they buy too much. on average, a german household throws away 80 kg of food per year. the film "tast the the waste" looks at this. the director is the creator of food sharing. >> we wanted to do more than just save a few heads o
PBS
Dec 26, 2012 6:30pm PST
of the year of crisis with a steady hand. she has stuck to her goals in 2012 -- to save the euro and greece without compromising germany's financial stability. >> how alive is the concept of charity? we bring you an example from mexico. >> first, some of the stories making news. japan has a new prime minister, voted in by the lower house of parliament earlier today. his liberal democratic party won by a landslide in polls earlier this month. he has vowed to introduce aggressive monetary policies and says he wants to revise japan's pacifist constitution. >> china has launched the world's longest high-speed rail route. the line between cities is almost 2,900 kilometers long. trains travel an average speed of 300 kilometers per hour, cutting travel time in half to just eight hours. >> floods in malaysia have forced more than 13,000 people to flee their homes. the floods have hit several states of the country's east coast. one woman died after slipping into a swollen river, and forecasters are expecting more rain to fall. >> china's leading producer of rare earth is attempting to shut down some
PBS
Dec 16, 2012 6:30pm PST
sebastian bach. >> oh john sebastian! you're playing your music like crazy and i'm listening to it in greece! what are you doing here? oh john! why aren't you home minding the children? i at least had some business in greece! i had a father that killed every phaedra! phaedra! phaedra! >> that scene actually keeps coming to mind as i try to follow the melodrama in washington that has us heading for a cliff. a fiscal cliff. but are we? or is this, another myth in the making? for some insight, we turn to two seasoned observers both of whose books you'll want to as santa to leave in your stocking. bruce bartlett was an economic adviser to the supply-side icon jack kemp, and to two presidents -- ronald reagan and the first george bush. he got into hot water with his conservative cohorts when he wrote a widely quoted book critical of the second president bush. his most recent work is "the benefit and the burden: tax reform-why we need it and what it will take." yves smith is the founder and editor of the popular blog naked capitalism. after 25 years in the financial services industry, she now head
Search Results 0 to 20 of about 21